Financing https://www.benzinga.com/views/taxonomy/term/34989 en Proven Optics Advances to an Elite Partner in the ServiceNow Partner Program https://www.benzinga.com/pressreleases/21/05/r21023207/proven-optics-advances-to-an-elite-partner-in-the-servicenow-partner-program <p>Columbus, OH, May 08, 2021 --(<a rel="nofollow" href="https://www.pr.com/" rel="nofollow">PR.com</a>)-- Today, Proven Optics LLC, a practitioner-founded software and Financial Management services company, announced their advancement to Elite Partner in the ServiceNow Partner Program. To become an Elite Partner, Proven Optics achieved demanding, world-class criteria, demonstrating key areas of success in competency, capabilities, and overwhelming customer success. Proven Optics supports ServiceNow customers with the Proven Optics Financial Management Application Suite.</p> <p>In October of 2020, Proven Optics released their Financial Management Application Suite on the ServiceNow store and became certified as part of the ServiceNow Built on Now Program. This program is designed to recognize partners with proven ServiceNow expertise that creates value for customers across various industries. The ...</p><p><a href=https://www.benzinga.com/pressreleases/21/05/r21023207/proven-optics-advances-to-an-elite-partner-in-the-servicenow-partner-program alt=Proven Optics Advances to an Elite Partner in the ServiceNow Partner Program>Full story available on Benzinga.com</a></p> business News Financing Politics Tech Press Releases Sat, 08 May 2021 07:00:00 +0000 PR.com 21023207 at https://www.benzinga.com Grupo Aeroportuario del Pacifico Announces Issuance of Bond Certificates in Mexico For Ps. 4.5 Billion https://www.benzinga.com/pressreleases/21/05/g21021309/grupo-aeroportuario-del-pacifico-announces-issuance-of-bond-certificates-in-mexico-for-ps-4-5-bill <link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p align="justify">GUADALAJARA, Mexico, May 07, 2021 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAC#NYSE" rel="nofollow">PAC</a>, BMV:<a class="ticker" href="https://www.benzinga.com/stock/GAP#BMV" rel="nofollow">GAP</a>) (the "Company" or "GAP") announced today that it successfully completed the issuance of 45 million long-term bond certificates in Mexico (<em>Certificados Bursátiles</em>) at a nominal value of Ps. 100 each (One hundred pesos 00/100), for a total value of Ps. 4.5 billion, issued jointly. The amount of the issuance was up to Ps. 3.0 billion with a greenshoe option of up to 50%, which was reached at the closing of the issuance.<br /></p> <p align="justify">The bond certificates were issued in accordance with the following terms:</p> <ul type="disc"> <li style="text-align:justify;">25 million 4-year bond certificates were issued under the ticker symbol "GAP21", at a nominal value of Ps. 100 (One hundred pesos 00/100) each, for a total value of Ps.2.5 billion (Two point five billion pesos 00/100). Interest will be payable every 28 days at a variable rate of TIIE-28 plus 60 basis points; the principal will be due at maturity on May 2, 2025, with an early payment option.<br /><br /></li> <li style="text-align:justify;">20 million 7-year bond certificates were issued under the ticker symbol "GAP21-2", at a nominal value of Ps. 100 (One hundred pesos 00/100) each, for a total value of Ps. 2.0 billion (Two billion pesos 00/100). Interest will be payable every 182 days at a fixed rate of 7.91%; the ...</li></ul><p><a href=https://www.benzinga.com/pressreleases/21/05/g21021309/grupo-aeroportuario-del-pacifico-announces-issuance-of-bond-certificates-in-mexico-for-ps-4-5-bill alt=Grupo Aeroportuario del Pacifico Announces Issuance of Bond Certificates in Mexico For Ps. 4.5 Billion>Full story available on Benzinga.com</a></p> BMV:GAP News PAC Financing Press Releases Fri, 07 May 2021 21:13:13 +0000 Globe Newswire 21021309 at https://www.benzinga.com Benefitfocus Announces Inducement Grant Under NASDAQ Listing Rule 5635(C)(4) https://www.benzinga.com/pressreleases/21/05/g21019042/benefitfocus-announces-inducement-grant-under-nasdaq-listing-rule-5635-c-4 <link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p align="justify">CHARLESTON, S.C., May 07, 2021 (GLOBE NEWSWIRE) -- Benefitfocus, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNFT#NASDAQ" rel="nofollow">BNFT</a>), an industry-leading benefits technology platform that simplifies benefits administration for employers, health plans and brokers, announces that, in connection with the appointment of Matthew Levin as president and chief executive officer, and in accordance with the terms of his employment agreement with the Company, Benefitfocus&#039; board of directors approved an initial equity grant to Mr. Levin consisting of 70% restricted stock units ("RSUs") and 30% performance stock units ("PSUs") with a total value of $5,000,000, totaling 248,826 RSUs and 106,640 PSUs (the "Initial Grant").</p> <p align="justify">The Initial Grant has three purposes: to compensate Mr. Levin for the forgone awards from Mr. Levin&#039;s previous employment; to create further alignment between Mr. Levin and our public shareholders through a performance-based award with vesting based on strong stock price performance; and to retain and motivate Mr. Levin&#039;s performance over the next several years through an additional retention-based award; in all cases, subject to Mr. Levin continuing with Benefitfocus through the applicable vesting dates.</p> <p align="justify">The RSU portion of the ...</p><p><a href=https://www.benzinga.com/pressreleases/21/05/g21019042/benefitfocus-announces-inducement-grant-under-nasdaq-listing-rule-5635-c-4 alt=Benefitfocus Announces Inducement Grant Under NASDAQ Listing Rule 5635(C)(4)>Full story available on Benzinga.com</a></p> BNFT News Financing Press Releases Fri, 07 May 2021 20:05:00 +0000 Globe Newswire 21019042 at https://www.benzinga.com Science 37 Taps SPAC For NASDAQ Listing Valued At Around $1B https://www.benzinga.com/news/21/05/21017327/science-37-taps-spac-for-nasdaq-listing-valued-at-around-1b <ul> <li><strong>Science 37</strong>, a life science company, is tapping the craze of a special purpose acquisition company to help it with a major public listing.</li> <li>Specifically, its is&nbsp;<a class="editor-rtfLink" href="https://www.businesswire.com/news/home/20210507005149/en/Science-37-to-Become-Publicly-Listed-via-Merger-with-LifeSci-Acquisition-II-Corp.-Powering-the-Clinical-Trial-Operating-System-of-the-Future" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">penning a merger agreement</a>&nbsp;with&nbsp;<strong>LifeSci Acquisition II Corp</strong>&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/lsaq#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">LSAQ</a>).</li> <li>According to its statement, the offering sees Science 37 valued at just over $1 billion and has ...</li></ul><p><a href=https://www.benzinga.com/news/21/05/21017327/science-37-taps-spac-for-nasdaq-listing-valued-at-around-1b alt=Science 37 Taps SPAC For NASDAQ Listing Valued At Around $1B>Full story available on Benzinga.com</a></p> Briefs LSAQ News SPACs SPACs Attack Health Care Financing IPOs General LSAQ News Health Care Financing IPOs General Benzinga Fri, 07 May 2021 20:00:28 +0000 Vandana Singh 21017327 at https://www.benzinga.com Mount Logan Capital Inc. Announces Entering into Revolving Financing Facility in Conjunction with Proposed CLO Transaction and Completion of Private Placement https://www.benzinga.com/pressreleases/21/05/g21016227/mount-logan-capital-inc-announces-entering-into-revolving-financing-facility-in-conjunction-with-p <link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p align="center">THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES</p> <p align="center"><em>All amounts are stated in United States dollars, unless otherwise indicated.</em></p> <p align="justify">TORONTO, May 07, 2021 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (NEO:MLC) ("Mount Logan," "MLC," "our," "we," or the "Company") announces that its wholly-owned subsidiary, Great Lakes Senior MLC I LLC ("MLC Subsidiary") has entered into a facility and security agreement (the "Facility Agreement") with a large US-domiciled financial institution, as administrative agent (the "Agent"). Pursuant to the Facility Agreement, the Agent shall arrange for lenders to advance to MLC Subsidiary on a revolving basis up to $60,000,000 (the "Facility"). The proceeds from the Facility, drawn over time, will be used to fund the purchase price of collateral loans to be acquired by MLC Subsidiary from time to time ("Collateral Loans").</p> <p align="justify">Pursuant to the Facility Agreement, MLC Subsidiary is initially entitled to borrow from the lenders, on a revolving basis, up to $50,000,000, provided that the amount available under the Facility can be increased to $60,000,000 in the sole discretion of the Agent. The Facility matures on February 7, 2022, subject to earlier repayment at the option of MLC Subsidiary. The Facility is intended to be temporary in nature and MLC Subsidiary expects to terminate the Facility in Summer 2021 following the contribution of Collateral Loans purchased with the Facility, and pre-existing loans currently held by MLC Subsidiary, to a newly formed special purpose vehicle structured to refinance one of the Collateralized Loan Obligations ("CLOs") managed by Mount Logan Management LLC ("ML Management"), in consideration for cash which shall be used to repay the Facility.</p> <p align="justify">"This short-term facility enables us to ramp a portfolio of loans to scale and assist in extending the life and improving the return profile of the CLO," said Ted Goldthorpe, CEO and Chairman of Mount Logan. "The facility and related CLO transaction will enable Mount Logan to divest loans from its balance sheet and use the proceeds to pursue further strategic acquisition activity."</p> <p align="justify">In connection with the Facility Agreement, MLC Subsidiary has granted to the Agent, as collateral security for all of the obligations under the Facility, a continuing security interest in, and a lien upon, all of MLC Subsidiary&#039;s right, ...</p><p><a href=https://www.benzinga.com/pressreleases/21/05/g21016227/mount-logan-capital-inc-announces-entering-into-revolving-financing-facility-in-conjunction-with-p alt=Mount Logan Capital Inc. Announces Entering into Revolving Financing Facility in Conjunction with Proposed CLO Transaction and Completion of Private Placement>Full story available on Benzinga.com</a></p> News Financing Markets Press Releases Fri, 07 May 2021 17:10:45 +0000 Globe Newswire 21016227 at https://www.benzinga.com Laurentian Bank announces closing of Limited Recourse Capital Notes offering https://www.benzinga.com/pressreleases/21/05/g21015727/laurentian-bank-announces-closing-of-limited-recourse-capital-notes-offering <link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p align="start"><strong>NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES</strong><br /></p> <p align="justify">MONTREAL, May 07, 2021 (GLOBE NEWSWIRE) -- Laurentian Bank of Canada (TSX:<a class="ticker" href="https://www.benzinga.com/stock/LB#TSX" rel="nofollow">LB</a>) ("<strong>Laurentian Bank</strong>") today announced that it has closed its domestic public offering of $125 million aggregate principal amount of 5.30% Limited Recourse Capital Notes, Series 1 (Non-Viability Contingent Capital (NVCC)) (Subordinated Indebtedness) (the "<strong>Notes</strong>").</p> <p align="justify">The Notes were sold through a syndicate of agents co-led by Laurentian Bank Securities and CIBC Capital Markets acting as joint bookrunners on the Offering.</p> <p align="justify">In connection with the issuance of the Notes, Laurentian Bank also issued Non-Cumulative 5-Year Fixed Rate Reset Class A Preferred Shares, Series 17 (Non-Viability Contingent Capital (NVCC)) (the "<strong>Preferred Shares Series 17</strong>") to be held by Computershare Trust Company of Canada, as trustee of LBC LRCN Limited Recourse Trust (the "<strong>Limited Recourse Trust</strong>").</p> <p align="justify">In case ...</p><p><a href=https://www.benzinga.com/pressreleases/21/05/g21015727/laurentian-bank-announces-closing-of-limited-recourse-capital-notes-offering alt=Laurentian Bank announces closing of Limited Recourse Capital Notes offering>Full story available on Benzinga.com</a></p> News TSX:LB Financing IPOs Press Releases Fri, 07 May 2021 16:39:58 +0000 Globe Newswire 21015727 at https://www.benzinga.com DMC Global Announces Closing of Public Offering of Common Stock and Exercise of Over-Allotment Option https://www.benzinga.com/pressreleases/21/05/g21015432/dmc-global-announces-closing-of-public-offering-of-common-stock-and-exercise-of-over-allotment-opt <link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p align="justify">BROOMFIELD, Colo., May 07, 2021 (GLOBE NEWSWIRE) -- DMC Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOOM#NASDAQ" rel="nofollow">BOOM</a>) ("DMC Global") today announced the closing of its previously announced underwritten public offering of 2,500,000 shares of common stock. In addition, DMC Global announced that the underwriters exercised in full their option to purchase an additional 375,000 shares, bringing the total number of shares issued to 2,875,000. The total net proceeds from the offering, including the additional shares, were approximately $123.5 million after deducting underwriters&#039; compensation and estimated expenses. All of the shares of common stock in the offering were sold by DMC Global.<br /></p> <p align="justify">DMC Global intends to use the net proceeds of the offering for general corporate purposes, which may include acquisitions.</p> <p align="justify">KeyBanc Capital Markets acted as the sole book-running manager for the offering. Stephens Inc.; Stifel; Tudor, Pickering, Holt &amp; Co.; and Roth Capital Partners acted as co-managers for the offering.</p> <p align="justify">The shares of common stock were offered by DMC Global pursuant to an automatic shelf registration ...</p><p><a href=https://www.benzinga.com/pressreleases/21/05/g21015432/dmc-global-announces-closing-of-public-offering-of-common-stock-and-exercise-of-over-allotment-opt alt=DMC Global Announces Closing of Public Offering of Common Stock and Exercise of Over-Allotment Option>Full story available on Benzinga.com</a></p> BOOM News Financing Press Releases Fri, 07 May 2021 16:21:07 +0000 Globe Newswire 21015432 at https://www.benzinga.com Medical Staffing Company in Kentucky Chooses TAB Bank for a $500 Thousand Revolving Credit Facility https://www.benzinga.com/pressreleases/21/05/g21010658/medical-staffing-company-in-kentucky-chooses-tab-bank-for-a-500-thousand-revolving-credit-facility <link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p>OGDEN, Utah, May 07, 2021 (GLOBE NEWSWIRE) -- A medical staffing company in Kentucky has chosen <a href="https://www.tabbank.com" rel="nofollow" target="_blank" rel="nofollow">TAB Bank</a> for a $500 thousand revolving credit facility. The new facility is extended through a multi-year agreement and will provide the means to fund growth for the company.<br /></p> <p align="justify">The company provides staffing services for all nursing specialties, advanced practice, physicians, therapy, and more.</p> <p align="justify">The company was recently introduced to a new opportunity to take on a large new client and ...</p><p><a href=https://www.benzinga.com/pressreleases/21/05/g21010658/medical-staffing-company-in-kentucky-chooses-tab-bank-for-a-500-thousand-revolving-credit-facility alt=Medical Staffing Company in Kentucky Chooses TAB Bank for a $500 Thousand Revolving Credit Facility>Full story available on Benzinga.com</a></p> News Financing Press Releases General Fri, 07 May 2021 12:25:00 +0000 Globe Newswire 21010658 at https://www.benzinga.com Cannabis Movers & Shakers: Phyto, HERBL, Treez, Fyllo, Auxly, AgraFlora, Viridis https://www.benzinga.com/markets/cannabis/21/05/20968672/cannabis-movers-shakers-phyto-herbl-treez-fyllo-auxly-agraflora-viridis <p><strong>Phyto Extractions Announces Departure Of Interim CEO</strong></p> <p><strong>Phyto Extractions Inc.</strong>, formerly known as Adastra Labs Holdings Ltd., (CSE: XTRX) (FRA: D2EP), said last Friday it had parted ways with J. Scott Munro, the company&rsquo;s interim CEO and director.</p> <p>Munro, who said he wanted to pursue &ldquo;new external ventures,&rdquo; will be replaced with a new permanent candidate.</p> <p>Donald Dinsmore, chief operating officer of the British Columbia-based company, said that during Munro&rsquo;s tenure Phyto Extractions had seen &quot;vast improvements across operations and the financial health of the company.&rdquo;</p> <p><strong>Mark Shamber Joins HERBL As CFO</strong></p> <p>California-based cannabis distributor and supplier <strong>HERBL </strong>has tapped Mark Shamber to oversee its financial department.</p> <p>Shamber brings over thirty years of finance experience in the food and grocery supply industry, the company reported Monday.</p> <p>Previously, Shamber served as CFO at SpartanNash (NASDAQ: <a href="https://www.benzinga.com/stock/sptn#NASDAQ">SPTN</a>) and was senior vice president, CFO, and treasurer at United Natural Foods, Inc.</p> <p>HERBL&#39;s CEO Mike Beaudry is looking forward to working with Shamber, now that the company is &ldquo;at a distinct growth stage as the cannabis market matures.&rdquo;</p> <p>The company has been reinforcing its leadership team over the past period. In February, Tom Grillea <a href="https://www.benzinga.com/markets/cannabis/21/02/19508470/cannabis-movers-shakers-cb1-capital-copperstate-farms-the-ideation-lab-herbl-pure-harvest">opted to join</a> HERBL as the new chief revenue officer, ahead of the <a href="https://www.benzinga.com/markets/cannabis/21/03/20011884/cannabis-movers-shakers-nusachi-apwc-nabis-amco-wslcb-veritas-vinergy-shield-compliance-biosteel">appointment</a> of Josh Held as the new chief strategy officer.</p> <p><strong>Treez Names Shon Wedde VP Of Engineering</strong></p> <p><strong>Treez</strong>, a seed-to-sale and cannabis retail software platform, said Monday it has welcomed Shon Wedde as vice president of engineering.</p> <p>Wedde has over ...</p><p><a href=https://www.benzinga.com/markets/cannabis/21/05/20968672/cannabis-movers-shakers-phyto-herbl-treez-fyllo-auxly-agraflora-viridis alt=Cannabis Movers &amp; Shakers: Phyto, HERBL, Treez, Fyllo, Auxly, AgraFlora, Viridis>Full story available on Benzinga.com</a></p> AGFAF appointments Cannabis CBWTF Chad Bronstein CURLF Fyllo Hugo Alves News ORCL Penny Stocks SPTN TLRY Viridis Laboratories Entrepreneurship Financing Movers & Shakers Small Cap Markets General ORCL US68389X1054 SPTN US8468221044 CBWTF TLRY US88688T1007 CURLF AGFAF News Penny Stocks Cannabis Entrepreneurship Financing Movers & Shakers Small Cap Markets General Benzinga Thu, 06 May 2021 16:58:32 +0000 Jelena Martinovic 20968672 at https://www.benzinga.com ReconAfrica Announces Upsize to Previously Announced Bought Deal Financing to C$36 Million https://www.benzinga.com/pressreleases/21/05/g20992689/reconafrica-announces-upsize-to-previously-announced-bought-deal-financing-to-c-36-million <link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p align="center"><strong><em>Not for distribution to U.S. news wire services or dissemination in the United States.</em></strong></p> <p align="justify">VANCOUVER, British Columbia, May 06, 2021 (GLOBE NEWSWIRE) -- Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV:<a class="ticker" href="https://www.benzinga.com/stock/RECO#TSXV" rel="nofollow">RECO</a>) (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/RECAF#OTCQX" rel="nofollow">RECAF</a>) (Frankfurt: 0XD) is pleased to announce that it has entered into an amended agreement with Haywood Securities Inc., as underwriter (the "Underwriter"), pursuant to which the Company and the Underwriter have agreed to increase the size of the previously announced C$25 million bought deal offering. Pursuant to the upsized deal terms, the Underwriter has agreed to purchase, on a bought deal basis, 3,789,600 units (the "Units") at a price of C$9.50 per Unit for gross proceeds of C$36,001,200 (the "Offering"). Closing of the Offering remains expected to occur on or about May 26, 2021, and is subject to regulatory approval, including that of the TSX Venture Exchange (the "Exchange").<br /></p> <p align="justify">Each Unit will consist of one common share (a "Common Share") in the capital of the Company and one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Warrant will entitle the holder to acquire one Common Share at a price of C$14.00 for a period of three years from the closing of the Offering. The Warrants will be subject to acceleration of the expiry date to a date 30 calendar days following notice to be provided to the holders of the Warrants by the Company in the event that the moving daily volume weighted average trading price of the Common Shares on the Exchange over any period of 20 consecutive trading days equals or exceeds C$20.00.</p> <p ...<p><a href=https://www.benzinga.com/pressreleases/21/05/g20992689/reconafrica-announces-upsize-to-previously-announced-bought-deal-financing-to-c-36-million alt=ReconAfrica Announces Upsize to Previously Announced Bought Deal Financing to C$36 Million>Full story available on Benzinga.com</a></p> News RECAF TSXV:RECO Financing Press Releases Thu, 06 May 2021 15:18:37 +0000 Globe Newswire 20992689 at https://www.benzinga.com Material Bank Raises $100 Million Series C to Fuel Continued Growth Across its Technology and Logistics Platform https://www.benzinga.com/pressreleases/21/05/g20992164/material-bank-raises-100-million-series-c-to-fuel-continued-growth-across-its-technology-and-logis <link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p align="left">MIAMI, May 06, 2021 (GLOBE NEWSWIRE) -- Material Bank, the world&#039;s largest marketplace for searching and sampling architectural, design, and construction materials, today announced it has secured $100 million in Series C funding co-led by General Catalyst and Durable Capital Partners LP, with participation from BOND, Lead Edge Capital and existing investors Bain Capital Ventures and Raine Ventures. This round brings Material Bank&#39;s total funding to $157 million. Material Bank will use the capital to fuel continued momentum, scale teams and infrastructure, expand into new verticals, make strategic acquisitions, and seed long-term growth initiatives.<br /></p> <p>Bob Mylod, who joined this round through Annox Capital and has led the board of directors of defining digital commerce companies such as Booking Holdings, RedFin, and Vroom, will be joining Material Bank&#039;s Board of Directors to help further the company&#039;s accelerated growth.</p> <p>Material Bank provides scalable digital commerce by seamlessly connecting global material brands with specifiers and buyers. Material Bank members can search across hundreds of brands on a single site, order samples until midnight (ET), and receive everything in one box by 10:30 am the next day, anywhere in the continental US. In addition to improving the speed of searching and sampling materials, Material Bank provides design professionals with a sustainable solution in their specification process. By aggregating samples from multiple brands into a ...</p><p><a href=https://www.benzinga.com/pressreleases/21/05/g20992164/material-bank-raises-100-million-series-c-to-fuel-continued-growth-across-its-technology-and-logis alt=Material Bank Raises $100 Million Series C to Fuel Continued Growth Across its Technology and Logistics Platform>Full story available on Benzinga.com</a></p> News Financing Management Press Releases Thu, 06 May 2021 14:57:48 +0000 Globe Newswire 20992164 at https://www.benzinga.com Meadows Bank Reports Q1 2021 Financials and Shareholder Dividend https://www.benzinga.com/pressreleases/21/05/r20990681/meadows-bank-reports-q1-2021-financials-and-shareholder-dividend <p>Meadows Bank, headquartered in Las Vegas, NV, announced today that it not only posted After Tax Net Income of $5,824,534 in the first three months of 2021 which was 56.5% higher than the $3,721,686 earned during the same period in 2020, but that it also recently paid a shareholder dividend.</p> <p>Las Vegas, NV, May 06, 2021 --(<a rel="nofollow" href="https://www.pr.com/" rel="nofollow">PR.com</a>)-- Meadows Bank, headquartered in Las Vegas, NV, announced today that it posted After Tax Net Income of $5,824,534 in the first three months of 2021 which was 56.5% higher than the $3,721,686 earned during the same period in 2020. This increase in After Tax Net Income was a result of a substantial decrease in interest expense, as well as lower loan loss provision expense as local economic conditions improved ...</p><p><a href=https://www.benzinga.com/pressreleases/21/05/r20990681/meadows-bank-reports-q1-2021-financials-and-shareholder-dividend alt=Meadows Bank Reports Q1 2021 Financials and Shareholder Dividend>Full story available on Benzinga.com</a></p> business Financial Advisors News Entrepreneurship Financing Politics Economics Small Business Press Releases Real Estate Thu, 06 May 2021 14:03:00 +0000 PR.com 20990681 at https://www.benzinga.com Nextel Telecommunications Brand to Become Publicly Traded Via SPAC Deal https://www.benzinga.com/pressreleases/21/05/r20990342/nextel-telecommunications-brand-to-become-publicly-traded-via-spac-deal <p>"Our ultimate plan is to resign the 20 million former NEXTEL&#x2122; subscribers, to reopen 3000 NEXTEL&#x2122; brand new store front locations providing needed job opportunities and to once again become a company valued at $40 Billion Dollars. We are seeking to merge with a qualified special purpose acquisition company (SPAC) so we can achieve these goals," says Jeffrey Kaplan, Pres. of Nextel Mobile Worldwide Inc.</p> <p>Pompano Beach, FL, May 06, 2021 --(<a rel="nofollow" href="https://www.pr.com/" rel="nofollow">PR.com</a>)-- In 2018 the iconic NEXTEL&#8482; brand was relaunched and reintroduced to the untapped multi-billion dollar &#8220;Push to Talk Over Cellular&#8221; (POC) business cellular market.</p> <p>The new NEXTEL&#8482; brand offers an array of high tech handheld and vehicular mounted devices for America&#8217;s business community and personal use. Whether it be the popular worldwide Push-To-Talk ...</p><p><a href=https://www.benzinga.com/pressreleases/21/05/r20990342/nextel-telecommunications-brand-to-become-publicly-traded-via-spac-deal alt=Nextel Telecommunications Brand to Become Publicly Traded Via SPAC Deal>Full story available on Benzinga.com</a></p> business News Financing Tech Press Releases Thu, 06 May 2021 13:56:49 +0000 PR.com 20990342 at https://www.benzinga.com Cardiol Announces Upsize to Previously Announced Bought Deal Public Offering https://www.benzinga.com/pressreleases/21/05/g20989008/cardiol-announces-upsize-to-previously-announced-bought-deal-public-offering <link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p align="center"><strong>THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND<br /></strong><strong>IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE<br /></strong><strong>SERVICES NOR FOR DISSEMINATION IN THE UNITED STATES</strong></p> <p align="justify">OAKVILLE, Ontario, May 06, 2021 (GLOBE NEWSWIRE) -- <strong>Cardiol Therapeutics Inc. </strong>(TSX:<a class="ticker" href="https://www.benzinga.com/stock/CRDL#TSX" rel="nofollow">CRDL</a>) (<strong>"Cardiol" </strong>or the<strong> "Company"</strong>), a clinical-stage biotechnology company focused on developing innovative anti-inflammatory therapies for the treatment of cardiovascular disease, is pleased to announce that, due to strong demand, it has agreed with Raymond James Ltd. as sole bookrunner on behalf of a syndicate of underwriters (collectively, the "Underwriters"), to increase the size of its previously announced $15 million "bought deal" offering of units. Pursuant to the upsized deal terms, the Underwriters have agreed to purchase, on a "bought deal" basis, 6,112,000 units (the "Units") of the Company at a price of $3.60 per Unit (the "Issue Price") for aggregate gross proceeds to the Company of approximately $22 million (the "Offering").</p> <p align="justify">Each Unit comprises one common share (each a "Common Share") and one-half Common Share purchase warrant (each such full warrant, a "Warrant"). Each Warrant will entitle the holder thereof to purchase one Common Share at a price of $4.60 for a period of 36 months following the closing of the Offering.</p> <p align="justify">The Company has granted the Underwriters an Over-Allotment Option, exercisable in whole or in part, at any time, and from time to time, for a period of 30 days following the closing of the Offering, to purchase at the Issue Price up to such number of an additional Units, Common Shares and Warrants as is equal to 15% of the number of Units sold pursuant to the Offering. The Underwriters can elect to exercise the Over-Allotment Option for Units only, Common Shares only, or Warrants only, or any combination thereof, to cover over-allotments, if any, and for market stabilization purposes.</p> <p align="justify">The Company intends to use the net proceeds from the Offering to advance the Company&#039;s research and clinical development programs, additional commercial product development, and for general corporate purposes.</p> <p align="justify">The Units will be offered by way of prospectus supplement filed in each of ...</p><p><a href=https://www.benzinga.com/pressreleases/21/05/g20989008/cardiol-announces-upsize-to-previously-announced-bought-deal-public-offering alt=Cardiol Announces Upsize to Previously Announced Bought Deal Public Offering>Full story available on Benzinga.com</a></p> News TSX:CRDL Financing Press Releases Thu, 06 May 2021 13:11:46 +0000 Globe Newswire 20989008 at https://www.benzinga.com Metrio Sustainability Software Joins the United Nations Global Compact Initiative https://www.benzinga.com/pressreleases/21/05/r20988264/metrio-sustainability-software-joins-the-united-nations-global-compact-initiative <p>Montreal, Canada, May 06, 2021 --(<a rel="nofollow" href="https://www.pr.com/" rel="nofollow">PR.com</a>)-- Metrio Sustainability Software is pleased to announce that it has joined the United Nations Global Compact initiative - a voluntary leadership platform for the development, implementation, and disclosure of responsible business practices.</p> <p>&#8220;We are proud to join the United Nations Global Compact and support the UNGC Canadian Network. Our passion for sustainability and the strong belief that companies can be a force for good has always been at the center of our vision and operations,&#8221; said Patrick Elie, CEO and co-founder of Metrio.</p> <p>With this announcement, Metrio joins a global network of businesses taking responsible business action to create the world we all want. As the largest corporate sustainability initiative in the world, ...</p><p><a href=https://www.benzinga.com/pressreleases/21/05/r20988264/metrio-sustainability-software-joins-the-united-nations-global-compact-initiative alt=Metrio Sustainability Software Joins the United Nations Global Compact Initiative>Full story available on Benzinga.com</a></p> business environment News Non-profits Financing Tech Press Releases Thu, 06 May 2021 13:00:00 +0000 PR.com 20988264 at https://www.benzinga.com